Scottish Mortgage Investment Trust PLC Stock Forecast
Scottish Mortgage Investment Trust PLC stock price up 0.750% on Wednesday
(Updated on Apr 24, 2024)
The Scottish Mortgage Investment Trust PLC stock price gained 0.750% on the last trading day (Wednesday, 24th Apr 2024), rising from £827.20 to £833.40. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.80% from a day low at £833.20 to a day high of £873.20. The price has been going up and down for this period, and there has been a -4.36% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately £2.64 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £814.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.00% during the next 3 months and, with a 90% probability hold a price between £912.51 and £1,029.71 at the end of this 3-month period.
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SMT.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.89%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Scottish Mortgage Investment Trust PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £840.22. On a fall, the stock will find some support from the short-term average at £824.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Scottish Mortgage Investment Trust PLC stock
Scottish Mortgage Investment Trust PLC finds support from accumulated volume at £824.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £40.00 between high and low, or 4.80%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: £789.25 (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (SMT.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Scottish Mortgage Investment Trust PLC to open at £846.60, and during the day (based on 14 day Average True Range), to move between £809.78 and £857.02, which gives a possible trading interval of +/-£23.62 (+/-2.83%) up or down from last closing price. If Scottish Mortgage Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £824.20 (1.10%) than the resistance at £884.00 (6.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scottish Mortgage Investment Trust PLC stock A Buy?
Scottish Mortgage Investment Trust PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.714 Hold/Accumulate Unchanged
Predicted Opening Price for Scottish Mortgage Investment Trust PLC of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £846.60 ( 1.58%) | £833.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 886.60 | 6.38 % | |
| R2 | 871.32 | 4.55 % | ||
| R1 | 861.88 | 3.42 % | ||
| Current price: | 833.40 | |||
| Support | S1 | 831.32 | -0.250 % | |
| S2 | 821.88 | -1.38 % | ||
| S3 | 806.60 | -3.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 894.00 | 7.27 % | |
| R2 | 884.40 | 6.12 % | ||
| R1 | 884.00 | 6.07 % | ||
| Current price | 833.40 | |||
| Support | S1 | 824.20 | -1.10% | |
| S2 | 797.00 | -4.37% | ||
| S3 | 784.00 | -5.93% |
SMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £1.60 | 0.221% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £2.50 | 0.372% |
| 3 | Nov 11, 2022 | Nov 24, 2022 | Dec 16, 2022 | £1.60 | 0.217% |
| 4 | May 19, 2022 | Jun 01, 2022 | Jul 01, 2022 | £2.07 | 0.284% |
| 5 | Nov 08, 2021 | Nov 18, 2021 | Dec 03, 2021 | £1.52 | 0.109% |
FAQ
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